09:45:45 EST Thu 25 Dec 2025
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Super Copper Corp
Symbol CUPR
Shares Issued 36,499,594
Close 2025-12-24 C$ 0.63
Market Cap C$ 22,994,744
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Super Copper receives Cordillera Cobre concession OK

2025-12-24 14:46 ET - News Release

Mr. Zachary Dymala-Dolesky reports

CHILE'S NATIONAL MINING AUTHORITY APPROVES SUPER COPPER'S CORDILLERA PROJECT

Super Copper Corp. has achieved a major milestone at its flagship Cordillera Cobre copper project in Chile, which has now received approval for 26 mining concessions from Chile's national mining authority (Sernageomin). These concessions cover approximately 6,858 hectares in the Atacama copper belt.

Concessions approved, project enters final stage of title registration

Super Copper, through its Cordillera Cobre project joint venture, has now completed the most technical and challenging portion of the Chilean mining rights process. A total of 26 exploitation concessions that make up the Cordillera Cobre claim block have been fully approved by the National Geology and Mining Service.

Following these approvals:

  • Twenty-five concessions have received formal court resolutions establishing them.
  • Fifteen concessions have had their legal extract published in the official mining gazette.
  • Registration in the Copiapo mining registry is now under way.

Once registration is complete, each concession becomes a legally constituted exploitation concession, granting full and permanent mining rights.

Zachary Dolesky, chief executive officer of Super Copper, commented: "This is a critical milestone for Super Copper. Securing exploitation concessions, not just exploration rights, gives full and permanent mining rights at Cordillera Cobre.

"With the title process effectively complete and registration progressing as planned, we are positioned to submit our drill program promptly upon finalizing results from our most recent exploration work. This positions Super Copper to advance one of the most exciting new copper projects in the Atacama region at a time when global copper demand is entering a major structural deficit."

What exploitation concessions mean for shareholders

Super Copper, through its joint venture, is advancing toward securing exploitation concessions, the highest and most secure category of mineral rights in Chile. Unlike temporary exploration permits, exploitation concessions grant permanent mining rights, full legal control of the subsoil, and the ability to conduct drilling, development work, extraction and long-term mine construction.

Once registered, they provide full and permanent mining rights, including the right to:

  • Drill and build drill platforms;
  • Conduct advanced exploration;
  • Develop economic studies;
  • Construct mining operations;
  • Produce and sell copper and resources from the property.

Drilling timeline: first concessions targeted for registration in early 2026

With publication complete for 15 concessions and registration under way, Super Copper expects the first group of concessions to become fully constituted and drill ready during Q1 2026.

Upon registration, the company plans to:

  • Submit its drilling notice to Sernageomin (up to 40 drill platforms under the simplified procedure);
  • Finalize drill logistics and contractor selection;
  • Finalize phase 1 drill program on its highest-priority targets, including areas defined by recent IP (induced polarization) and ground magnetics.

Super Copper will update shareholders as concessions complete registration.

The company (through its wholly owned subsidiary) previously entered into a joint venture agreement dated Sept. 1, 2023, with Gardner y Esteffan Ltda. regarding the future exploration and development of the Cordillera Cobre project. The joint venture agreement provides the company with the right to earn up to a 100-per-cent interest in the Cordillera Cobre project by completing a series of cash payments, share issuances and exploration expenditures, as previously disclosed. The concession applications for the Cordillera Cobre project were submitted by the company's joint venture partner. Super Copper (through its wholly owned subsidiary) is the manager and controlling decision maker for exploration and development activities carried out pursuant to the joint venture agreement, overseeing all operational work at the Cordillera Cobre project.

Qualified person statement

All scientific and technical information in this news release has been prepared by or approved by Michael Dufresne, MSc, PGeol, PGeo. Mr. Dufresne is an independent qualified person for the purposes of National Instrument 43-101, Standards of Disclosure for Mineral Projects.

About Super Copper Corp.

Super Copper is a mining exploration company focused on acquiring, advancing and consolidating global copper assets from early discovery through late-stage development. The company is currently advancing its copper projects in Atacama, Chile, a region with world-class infrastructure and the presence of global majors. By operating a single, integrated technical team and a milestone-driven acquisition strategy, Super Copper aims to build a portfolio of scalable projects capable of supplying the world's accelerating demand for copper.

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